Bubbles, Ponzi schemes, it's mass insanity driven by low interest rates and GREED! For decades used investment dealers have been harping on about returns and keeping pace with inflation for your retirement blah blah. But that game in over. It ended with the GFC basically. So here is what I think is really going on...

Every week in the US and Australia and any other country with it's proverbial head up the Arse of the US, billions are collected from wages and salaries and allocated to "pension Funds". Who decides where it goes? Corrupt fund managers greedy to skim profits off the top. So with all the world's companies suffering they have selected the Dow elements and a few others to push all the money allocated to shares into. The price is bid up every week, every day, and then the insiders slowly sell some of these shares off before the regular corrections, and then buy back in at the intermediate lows.

Meanwhile Elon, a south african reject, looks like a genius! But he's the Godhead of the tech religion now, the new messiah after the death of steve jobs who amazed the world by putting a camera in a mobile phone. Actually old military tech as is all the components of smartphones, even the phones themselves. Cameras in mobiles are actually just cheap point and shoot jobs, the algorithms render nice photos but up against my Olympus omd M5 they are woefully light on features. Where is the in-body image stabilization? the true waterproofing.

I know you can only fit so much in a phone but aside from the software they have made no serious upgrades in over a decade! Pathetic from the leaps and bounds of the 80's 90's and 00's. Tech is cool but I'm not going to bow down before its alter, and I'm certainly not going to pour my life savings into another .com bust.